Caledonia Mining Record Gold Production

Caledonia Mining Corp. (AIM: CMCL)

Announced gold production from the Blanket Mine in Zimbabwe for the quarter ended 31 March 2022

The highlights were:

· Quarterly gold production of 18,515 ounces, a record for any first quarter
· 40 per cent increase in quarterly production on the 13,197 ounces produced in Q1 2021
· Reiterated gold production for 2022 is expected to be between 73,000 to 80,000 ounces  […]

 

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Caledonia Mining
Epic LSE: CMCL
Stage Production
Metals Gold
Market cap £164 million @ £12 per share
Location Zimbabwe

 

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Caledonia Mining

 

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12 April 2022

Caledonia Mining Corporation Plc Production Update and Record Q1 Production at Blanket Mine

 

St Helier, April 12, 2022 – Caledonia Mining Corporation Plc (NYSE AMERICAN, AIM and VFEX: CMCL) (“Caledonia” or the “Company”) announced gold production from the Blanket Mine in Zimbabwe (“Blanket”) for the quarter ended 31 March 2022 (“Q1 2022” or the “Quarter”).

(All production numbers are expressed on a 100 per cent basis and are based on the final assay at the refiners).

 

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Highlights

· Quarterly gold production of 18,515 ounces, a record for any first quarter
· 40 per cent increase in quarterly production on the 13,197 ounces produced in Q1 2021
· Reiterated gold production for 2022 is expected to be between 73,000 to 80,000 ounces

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Commenting on the announcement, Steve Curtis, Chief Executive Officer, said:

“I am delighted that during this quarter we have set a new first quarter production record. 18,515 ounces is ahead of our expectations and reflects the increased capacity at Central Shaft.

“The ramp-up in production towards our quarterly target of 20,000 ounces means that we are on track to meet our annual production target.

“As previously announced, very sadly during the quarter a fatal accident resulted in the death of a Blanket employee. We always take the safety of our employees very seriously and I join my colleagues in expressing our sincere condolences to the family, friends and colleagues of the deceased.”

 

Enquiries:
Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 802
Tel: +44 7817 841793